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in this consolidated apple like checkout, iphone, anyone can check you out, it's efficient, nice environment. it's the apple store customer interface combined with the best brands of the world in a small geography. we had $250 a square foot in sales with the traffic down 12%. >> for your sake and for ron johnson's sake i hope this works and i love a great come back story. >> i want to leave our viewers with one thing. the biggest problem people have with something like this, how can i own a stock when the sales are down 26%? i'll make one analogy and help people think about how to value this company. we took a stake in wendy's, why did people not like wendy's? i get a chance we come back after a commercial, i'm happy to stay. >> i think we're going. >> give me one minute and i'm happy to come back another time. wendy's, people hated the management, there was a fast growing company called tim horton's inside wendys. we separated and the stock doubled. we have this fast growing retail inside jcpenney, profitable and high margins and the rest of jcpenney is shrinking. it's hard to look at it on a c
a very weak economy. and we are looking at, as you said, an environment in which people are really in panic mode over the fiscal cliff. and i think there is a lot of support actually because the population doesn't seem to understand what exactly the fiscal cliff is and what it means and what they're hearing on television is an awful lot of hype about what's going to happen come if the fiscal cliff isn't a boy. and i think what that is doing is it's generating quite a bit of support for both sides to come together. it seems like the right thing to do, put your partisan differences aside and do what's best for the country. and figure out someway to avoid the cliff. and what that means in practice is striking some kind of a deal. what we are probably all heard referred to as a grand bargain. and i think what is important to keep in mind is that the grand bargain itself is really a form of austerity. it's an austerity plan. and so when you got an economy that is still struggling to fully find its feet, and you're at the same time talking about imposing austerity, i think we've seen pre
Search Results 89 to 91 of about 92